EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	First Quarter Ended
(In millions, except per share amounts)	March 31, 2018		March 31, 2017
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	21.2	$	15.7
Less: Undistributed earnings allocated to participating securities	0.2		0.1
Less: Undistributed earnings allocated to redeemable noncontrolling interest	—		0.1
Net income available to common shareholders	$	21.0	$	15.5
Denominator:
Basic weighted average common shares outstanding	46.6		46.4
Effect of dilutive securities:
Non-participating employee stock options and performance awards	0.5		0.6
Diluted weighted average common shares outstanding	47.1		47.0
Basic earnings per share	$	0.45	$	0.33
Diluted earnings per share	$	0.45	$	0.33